Transocean

Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleets such as ultra-deepwater, harsh environment, deepwater, and midwater rigs. The company was founded in 1953 and is headquartered in Steinhausen, Switzerland.

Earnings data Q1 2021

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Transocean reports robust Q4 earnings, eyes growth in global markets

Transocean's strong financial performance, strategic investments, and global contract wins position it well for growth despite cost pressures and operational constraints. The company's focus on simplifying its balance sheet and leveraging advanced drillship capabilities underscore its commitment to long-term success in the offshore drilling industry.

Transocean excels in Q1 2023, eyes growth in harsh environments

Transocean's Q1 performance reflects strong financials and market sustainability, supported by a robust backlog and strategic contract wins. While facing challenges in Norway and industry reactivation pace, the company is well-positioned to capitalize on opportunities in high-demand regions and innovative asset utilization.

Transocean reports solid Q2 performance amidst market opportunities

Transocean's Q2 2023 performance showed strong backlog growth and financial resilience.
The company's focus on top assets and long-term contracts positions it well for market improvements.
Challenges include cost management and potential regulatory impacts.
Opportunities lie in increasing demand, market up cycle, and strategic fleet decisions.

Transocean reports robust Q3 results, eyes revenue growth in 2024

Transocean's Q3 performance reflects strength in backlog growth and contract wins, despite challenges in contract lead times and market uncertainties. The company aims for revenue growth in 2024, focusing on long-term contracts and operational efficiency.

Transocean reports robust Q4 earnings and optimistic outlook for growth

Transocean's Q4 performance reflects financial resilience and operational excellence, supported by a strong backlog and strategic financial decisions. While challenges exist in a competitive market, the company's focus on efficiency and long-term contracts presents promising opportunities for sustained success.

Transocean reports solid Q1 performance and eyes growth opportunities

Transocean's Q1 performance showcases resilience amid operational challenges, with a focus on safety, efficiency, and long-term growth. The company's strategic initiatives and positive market outlook position it well to capitalize on increasing demand for deepwater rigs and drive future profitability.

Transocean reports solid Q2 performance, eyes offshore market growth

Transocean's Q2 2024 performance reflects operational stability and strategic contract wins, despite facing challenges in managing costs and profitability.
The company's focus on maximizing shareholder value and reducing debt aligns with efforts to improve financial health and balance sheet strength.
With opportunities in offshore drilling market growth and regional expansions, Transocean remains positioned for long-term success and revenue growth.

Transocean reports solid Q3 performance and bullish outlook for deepwater

Transocean delivered strong financial results in Q3 2024 and has a robust contracting outlook for the future.
Despite challenges related to blowout preventers, the company's focus on optimization and confidence in market demand are key strengths.
Opportunities for growth lie in the company's solidly booked fleet and strategic positioning in the deepwater drilling market.

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Why Transocean, Texas Roadhouse, and Xerox Holdings Jumped Today

The offshore drilling company is increasingly optimistic about what lies ahead.

Why Transocean Stock Rallied Today

Transocean Ltd. (RIG) CEO Jeremy Thigpen on Q3 2019 Results - Earnings Call Transcript

Transocean Reports An $825 Million Loss, But That's Not A Surprise

Transocean (RIG) earnings for the offshore drilling contractor's third quarter of 2019 have RIG stock down after-hours Monday.
The post Transocean Earnings: RIG Stock Dips on Q3 EPS Miss appeared first on InvestorPlace.

Transocean Earnings: RIG Stock Dips on Q3 EPS Miss

STEINHAUSEN, Switzerland, Oct.  28, 2019  (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today reported net loss attributable to controlling interest of $825 million, $1.35 per diluted share, for the three months ended September 30, 2019.

Transocean Ltd. Reports Third Quarter 2019 Results

Transocean (RIG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Transocean (RIG) Q3 Earnings Expected to Decline

Transocean publishes its new fleet status report.

Transocean Provides The Worst Fleet Status Report In Recent History

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Rising oil prices and optimism about the global economy have investors piling back into the offshore market today.

Here's Why Offshore Drilling Stocks Are Surging Friday

The Transocean-Ocean Rig deal remains a highly popular topic in the comments sections of offshore drilling-related articles.

Failed M&A: Lessons From Transocean And Valaris

Transocean's (RIG) vital technological breakthrough via its operational and safety upgrade aims at lowering the usual fuel consumption by 14%, thereby curbing the toxic NOx and CO2 emissions.

Transocean Unveils World's First Hybrid Energy Storage Unit

STEINHAUSEN, Switzerland, Oct.  02, 2019  (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it has successfully deployed the world’s first hybrid energy storage system aboard a floating drilling unit.  The system is now operational on the Transocean Spitsbergen, engaged in drilling operations at the Snorre field in Norway.

Transocean Ltd. Announces World’s First Hybrid Floating Drilling Unit   

STEINHAUSEN, Switzerland, Oct.  01, 2019  (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the third quarter of 2019, on Monday, October 28, 2019, following the close of trading on the NYSE.

Transocean Ltd. Announces Third Quarter 2019 Earnings Release Date

It appears that the offshore drilling industry is finally set to rebound from one of the worst slumps that it has ever been through.

5 Reasons Offshore Drilling Stocks are Poised for a Rebound

Investors need to pay close attention to Transocean (RIG) stock based on the movements in the options market lately.

Options Traders Expect Huge Moves in Transocean (RIG) Stock

This updated fleet status has been warranted by the recent news regarding the cancellation of the two newbuild drillships inherited from the Ocean Rig acquisition.

Transocean: Searching For A True Swing Low

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Independence Contract Drilling

Low oil price, conservative upstream capital budget and regulatory hurdles can keep affecting the drilling industry. However, cost reduction and efficiency gains can aid the industry.

Drilling Industry Continues to Suffer: Is Relief in Sight?

Given a scenario wherein the drillship contract gets through, Transocean (RIG) will then shell out an astronomical $1.1 billion including payments to SHI plus transportation and raw material costs.

Transocean Calls Off Korea's Samsung Twin-Drillship Contract

STEINHAUSEN, Switzerland, Sept.  23, 2019  (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that two of its indirect, wholly-owned subsidiaries will relinquish their respective interests in two drillships under construction – the Ocean Rig Santorini and the Ocean Rig Crete (the “Drillships”) – to Samsung Heavy Industries Co., Ltd. (“SHI”).  Upon relinquishment of the Drillships, Transocean’s indirect, wholly-owned subsidiaries will not make further payments to SHI under the construction contracts. The total estimated future costs associated with the delivery and placing the Drillships into service would have been approximately $1.1 billion, which includes future payments to SHI under the construction contracts and costs related to spares, materials and supplies, and to the commissioning and mobilization of the rigs. The construction contracts are not guaranteed by Transocean Ltd. or any of its affiliates.   

Transocean Relinquishes Interests in Samsung Drillships Under Construction

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Explorers and producers will be less inclined to increase oil production following the renewed slump in the commodity's price.

Upstream Energy Stocks Decline as Crude Oil Price Falls 6%

Another day removed from the attacks on one of the world's largest oil-processing facilities, yesterday's buyers have become sellers.

Here's Why Offshore Drilling Stocks Are Sinking Today (After Surging Yesterday)

Higher oil prices resulting from a prolonged outage from one of the world's biggest sources improve the prospects for offshore oil. At least that's what Mr.

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Transocean (RIG) intends to retire three ultra-deepwater floaters, namely Discoverer Enterprise, Discoverer Spirit and Discoverer Deep Seas.

Transocean (RIG) to Retire 3 Drillships, Incur $580M Charge

STEINHAUSEN, Switzerland, Aug.  29, 2019  (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that Jeremy Thigpen, President and Chief Executive Officer, will present at the Barclays CEO Energy-Power Conference in New York at 2:25 p.m. EDT on Wednesday, September 4, 2019.

News for Transocean Stock (RIG)